global internet of things (iot) outlook 2024: global

Report Code : AFT1002

2016-2024

Global Internet of Things (IoT) Outlook 2024: Global Opportunity and Demand Analysis, Market Forecast, 2016-

2024

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Global Internet of Things (IoT) Market Outlook 2024: Global Opportunity and Demand Analysis, Market Forecast, 2016-2024

Global Internet of Things Market Outlook

Market Overview:

According to our global internet of things market outlook report “Disruptive

technologies: Advances that will transform life, business, and the global

economy“, the Internet of things (IoT) is one of the top three technological

advancements of the next decade (together with the mobile internet and the

automation of knowledge work).

Healthcare (16%) and manufacturing (16%) acquire the major section of

Internet of Things (IoT) followed by insurance (12%), banking & securities

(11%), computing service (8%), government (7%), transportation (6%), utilities

(5%), real estate (4%), agriculture (4%) and others (3%) contributes to Internet

of Things (IoT) value add of USD 1.9 trillion by 2020.

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Market Segmentation:

By Components

Internet of Things (IoT) Devices

Non-wearable Devices

Wearable Devices

Internet of Things (IoT) Platforms

Connectivity/M2M Platforms







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Infrastructure-as-a-Service (Iaas) Backend Platforms

Hardware specific software Platforms

Consumer/Enterprise Software Extension Platforms

IoT Sensors & Actuators

By Internet of Things (IoT) Software

Data Management Software

Network Management Software

Security Software

Remote Monitoring Software

Real Time Streaming Analytics Software

By IoT Application

Smart Homes (e.g. smart thermostats, connected lights, smart

appliances, smart door locks)

Wearables (e.g. smart watch, activity tracker, smart glass)

Smart City (e.g. smart parking, smart waste management)

Smart Grid (e.g. smart metering)

Industrial automation (e.g. remote asset control, workforce

monitoring)

Connected car (e.g. remote car control)

Connected Health (e.g. Tele-medicine)

Smart Retail (e.g. smart mirrors)

Smart Supply Chain (e.g. RFID Trackers)

Smart Agriculture (e.g. smart watering systems)

By End-User

Consumer Electronics Sector











Transportation & Logistics Sector

Energy Sector

Manufacturing Sector

Healthcare Sector

Agriculture Sector

Retail Sector

Others (Education Sector)

Impact Analysis (%) of Connectivity Technologies on IoT Market

Cellular Connectivity Technology

Wi-Fi Connectivity Technology

Bluetooth Connectivity Technology

GNSS/Location Connectivity Technology

NFC Connectivity Technology

Powerline Connectivity Technology

By Region

North America (U.S., Canada) Internet of Things Market

Adoption rate (%) of IoT Technology

No. of Connected Devices

Competitive Outlook (Major Players)

Impacting factors (Macroeconomic & Microeconomic factors)

Growth Drivers & Restraints

Asia Pacific (China, Japan, India, Singapore, South Korea, Australia,

New Zealand and ROAP) Internet of Things Market
















Europe (UK, Germany, France, Italy, Spain, Hungary, Russia, Poland,

Sweden, Netherlands and ROE) Internet of Things Market






Latin America (Brazil, Mexico and ROLA) Internet of Things Market






Middle East and Africa (GCC, North-Africa, South Africa) Internet of

Things (IoT)
















Market Size and Forecast(2016-2024)

By the year 2020 each person will own an average of 7 connected devices in the

communications. In the automobiles 8.7 million cars had internet access which

has now grown to 23.6 million in 2016. Industrial segment tends to see the

annual growth rate of 30% due to increase in machine to machine connection.

Global internet of things market size was USD 591.7 billion in 2014 and

growing at the pace of 17.0% forecasted to reach USD 1.3 trillion by the end of

2024. The installed base of internet of things tends to grow from USD 9.7

billion in 2014 to 25.6 billion in the year 2019, hitting USD 30 billion in 2020.

The total market size of digital precision agriculture services is expected to

grow at the CAGR of 12.2% between 2014 and 2020, to reach USD 4.5 billion.

According to our research, IoT has the potential to support total service

spending of more than USD 250 billion in the year 2016.

There are significant regional variations between more established markets,

such as Europe, North America and Oceania, where M2M’s share of total

connections exceeds the global average, and rapidly developing markets, such

as Asia, which have experienced annual growth of 55% a year between 2010

and 2013. M2M connections as a share of total connections is an indicator of

M2M market maturity. The top four markets worldwide by this measure in

2013 were Sweden (23%), Norway (15%), New Zealand (14%) and Finland

(11%).

IBM would invest USD 3.0 billion over the next four years into internet of

things division. According to the Cisco study, there is the possibility for USD 14

trillion profits for the next two decades.







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Market Drivers:

IoT has dynamic control of Industry and daily life by providing better

relationship b/w human and nature, also contributing in forming an

intellectual entity by integrating human society and physical systems.

The technological advancements in telecommunication and internet

connectivity are the major growth driver for internet of things (IoT) industry.

Moreover, the rising adoption of wearable electronics and affinity for full time

connectivity is bolstering the demand for internet of things (IoT).

There is development happening in many industries to find a way to diversify

products and services. For smart cities, municipalities are looking for ways to

become more efficient, and IoT solutions provide several options to save

money, improve productivity, and better serve their constituents.

With the recent wave of network enhancements (e.g., ongoing LTE

deployments, small cell networks) and rising penetration of cellular

connections across the globe is expected to accelerate the growth of IoT

market.

Risks Factors:

The high cost of internet of things (IoT) devices and cost associated with the

maintenance of IoT ecosystem are the two major risk factors for the internet of

things (IoT) market.

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Key Findings:

The flagship product, Mindwave, is a headset that can log into your computer

using just your thoughts. Moreover, IoT helps in life logging activities.

Today scientists uses Yottabytes to describe how much the government data

the NSA and FBI have on people together. However in the near future,

Brontobyte will be the measurement to describe the type of sensors data that

will be generated from IoT.

Google’s ongoing projects: Google Glass

Waze: An intelligent traffic management and GPS navigation tool.

Nest: Smart Thermostat and smoke alarm

Open Automotive Alliance (OAA): An android operating system for

automobiles.

IoT Market Opportunities:

Privacy and security were seen as the key technical building blocks needed.

Potential solutions can be helpful to protect the data and privacy by providing

legal authorities, technical control, social ethic and market self-regulation.

5G is the promising technology to deliver on IoT opportunities like robotics

and autonomous vehicles.

Verizon is going mainstream by entering in agricultural sector, measuring

soil and moisture conditions to enhance plant quality, lower the operating

costs and increase crop value.

LTE is being evolved to scale up the performance and mobility and scaling

down complexity and power. For instance, LTE Cat-M1 (eMTC) and LTE Cat-

NB1 (NB-IoT), these two technologies will be merged by Qualcomm.
















With IoT, you don’t need to go online because your environment is already

there serving you, so if we don’t need to be online than IoT will eliminate the

Internet online.

EMV technology is hardly new and has been widely used across Europe and

Asia, providing criminals with 10 years of head start to work around the chip,

therefore new methods of authentication for e-commerce transactions will be

required to curb the losses.

According to our Goldstein Research, fleet management in transportation,

security and surveillance applications in government, inventory and warehouse

management applications in retail and industrial asset management in primary

manufacturing will be the hottest areas for IoT growth.

Fraud prevention approaches now require solutions which can extend to

mobile and cloud environments, make greater use of behavioral analytics, and

take advantage of integrated threat intelligence capabilities to protect users

and data.

With the market of more than 300 million electric, water and gas meters in

service in the US today, the opportunity for intelligent solutions and services in

the utilities market is massive.

There are three core sectors of IoT: Enterprise, Home and Government.

Whereas, enterprise IoT being the largest of three and estimated to account for

nearly 40% or 9.1 billion devices in 2016.







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Key Players:

IBM

Synopsis

Business Strategy

Product Portfolio

SWOT Analysis

Google

Intel

Microsoft

Cisco

Ericsson

Qualcomm

Facebook

PTC Inc.

Accenture PLC

Amazon.com Inc.

Hewlett Packard Enterprise

International Business Machine

Verizon (Networkfleet, GridWide, Verizon Share, hum and Intellegent Track

and Trace)

NXP Semiconductors

EIP-AGRI

Empatica (Embrace)

Philips (Respironics and SleepMapper)











Scope Background

Market Synopsis

Market Segmentation

The Global Internet of Things (IoT) market is segmented as follows:

By Components Type (Market Size, Demand Analysis and Growth

Analysis)

By Software Type (Market Size, Demand Analysis and Growth Analysis)

By Application Type (Market Size, Demand Analysis and Growth

Analysis)

By End-user Type (Market Size, Demand Analysis and Growth

Analysis)

By Regions

North America (U.S., Canada) {Market Size, Growth Analysis and

Opportunity Analysis}

Latin America (Argentina, Mexico, Brazil and Rest of Latin America)

{Market Size, Growth Analysis and Opportunity Analysis}

Europe (Germany, Italy, Spain, France, The U.K., Netherlands,

Sweden, Hungary, Russia, Poland, Rest of Europe) {Market Size, Growth

Analysis and Opportunity Analysis}

Asia-Pacific (China, India, Singapore, Japan, Australia, New Zealand,

South Korea and Rest of Asia Pacific) {Market Size, Growth Analysis and

Opportunity Analysis}

Middle East and North Africa (MENA) {Market Size, Growth Analysis

and Opportunity Analysis}











Market Dynamics: Growth Drivers, Restraints and Opportunities

Risk Factors

Regional Variations

Recent Trends and Developments

Key Market Players

Synopsis

Business Strategy

Product Portfolio

SWOT Analysis

Porter’s Five Force Model

Market Landscape: Competition and Beyond

Global Internet of Things Market outlook for business players and entry level

players to ascertain their business in dynamic ecosystem

Expert Analysis

Concluding Remarks

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make powerful future decisions to keep them well ahead of the game which is

the market, and leave a mark across businesses and communities through our

well-defined ideas and clear cut forecasts.














+1-646-568-7747

+1-437-886-1181

+44-203-318-6627

+91-120-473-0422, +91-844-785-9968

[email protected] www.goldsteinresearch.com

99 Wall Street, Suite No:- 527, New York, NY 10005United States of America

Office No:- 504, 5th Floor, C-51, BSI Business Park,Sector-62, Noida, PIN:- 201301India

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global internet of things (iot) outlook 2024: global

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